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2023
Exports $93.2MWorld Rnk 10 / 161
Flag Rnk 498 / 1215
2023
Destination $14M China
2022 - 2023
FASTEST GROWING MARKET $14MChina
2023
PRODUCT COMPLEXITY IN Metal Finishing Machines1.61Rnk 32 / 1025
2023
Imports $38.7MWorld Rnk 22 / 210
Flag Rnk 721 / 1214
2023
Origin $2.9M Germany
2022 - 2023
FASTEST GROWING ORIGIN $2.9MUnited States
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $93.2M in Metal Finishing Machines, making it the 10th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 498th most exported product in Spain. The main destination of Metal Finishing Machines exports from Spain are: China ($29.2M), United States ($9.77M), Germany ($7.97M), Mexico ($5.35M), and India ($4.45M).

The fastest growing export markets for Metal Finishing Machines of Spain between 2022 and 2023 were China ($14M), Mexico ($3.58M), and Vietnam ($3.42M).

Imports In 2023, Spain imported $38.7M in Metal Finishing Machines, becoming the 22nd largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 721st most imported product in Spain. Spain imports Metal Finishing Machines primarily from: Germany ($10.5M), China ($5.18M), Switzerland ($5.12M), Italy ($4.47M), and United States ($3.78M).

The fastest growing import markets in Metal Finishing Machines for Spain between 2022 and 2023 were United States ($2.9M), Switzerland ($2.38M), and Germany ($1.43M).

Latest Trends

November 2024

About

Overview In November 2024 Spain's Metal Finishing Machines exports accounted up to €11.2M and imports accounted up to €2.94M, resulting in a positive trade balance of €8.31M. Between November 2023 and November 2024 the exports of Spain's   Metal Finishing Machines have increased by €1.38M (14%) from €9.87M to €11.2M, while imports decreased by €-106k (-3.49%) from €3.05M to €2.94M.

Destinations In November 2024, Metal Finishing Machines were exported mostly to China (€4.33M), Malaysia (€2.47M), Italy (€1.75M), Brazil (€1.07M), and Germany (€746k), and were imported mostly from Germany (€1.57M), Switzerland (€378k), Rest of the world (€282k), Italy (€158k), and China (€119k).

Growth In November 2024, the increase in Metal Finishing Machines's year-by-year exports was explained primarily by an increase in exports to India (€182k or 1.64k%), Poland (€43.9k or 374%), and Czechia (€12.5k or 178%). In November 2024, the decrease in Metal Finishing Machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-99.4k or -98.5%), Turkey (€-41.9k or -92.1%), and Portugal (€-37.3k or -81.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€1.38M(14%)
IMPORT GROWTH (November 2023 - November 2024)€-106k(-3.49%)
MAIN EXPORTER (November 2024)Guipúzcoa€15.5M
MAIN DESTINATION (November 2024)China€4.33M

This section shows Metal Finishing Machines's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Metal Finishing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$93.2M
IMPORTS (2023)$38.7M
NET TRADE (2023)$54.5M

In 2023, Spain exported $93.2M in Metal Finishing Machines. The main destinations of Spain exports on Metal Finishing Machines were China ($29.2M), United States ($9.77M), Germany ($7.97M), Mexico ($5.35M), and India ($4.45M).

In 2023, Spain imported $38.7M in Metal Finishing Machines, mainly from Germany ($10.5M), China ($5.18M), Switzerland ($5.12M), Italy ($4.47M), and United States ($3.78M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Spain WERE (2022 - 2023):
China$14M (91.3%)
Mexico$3.58M (202%)
Vietnam$3.42M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines BY Spain WERE (2022 - 2023):
France-$2.55M (-46.1%)
Hong Kong-$2.48M (-100%)
Italy-$2.4M (-36.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Metal Finishing Machines were:
Germany $857M
Switzerland $612M
Japan $478M
In 2023, Spain's main importing competitors in Metal Finishing Machines were:
China $829M
United States $517M
Germany $361M

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Trade Value of Metal Finishing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.5M
TOP IMPORT POTENTIALChina+ $1.54M

Metal Finishing Machines’s highest export potential is China. With an export gap of $3.5M.   Metal Finishing Machines’s highest import potential is China with an import gap of $1.54M.

See methodology.

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